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Dubai sets new record with sale of Palm Jumeirah mansion for $82m

Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms

Nakheel Dubai Islands

Dubai’s Nakheel unveils rebranding to reflect next phase of growth

Nakheel has also confirmed that the Palm Jebel Ali master plan is being revisited, with further details to be revealed in due course

Dubai Chambers, DLD to enhance transparency in rental market, boost investment environment

The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate

How residents can register co-occupants through Dubai REST app?

Here’s how to register co-occupants through Dubai REST app

As per the new rules by Dubai Land Department, owners, developers, property management companies and tenants must follow an eight-step process

Emaar annual meeting

Emaar shareholders approve acquisition of Dubai Creek Harbour, sale of Namshi

A special resolution to remove the minimum contribution of UAE and GCC nationals in the company was also passed

Danube

Danube launches My Dubai, My Home campaign

Danube Properties has joined hands with 11 social media influencers to deliver the message of why Dubai is an ideal destination to live and work in

Silicon Central

Line Investments & Property confirms retail leasing deals for over 80% of Silicon Central

With a gross leasable area of 81,500 square metres and 3,500 car park spaces, the mall will offer shoppers a broad mix of popular brands

Signature Villa Framed Allure_1

Exclusive Signature villa on Palm Jumeirah sells for Dhs128m

The villa has an enclosed area of over 19,240 square feet and is designed by internationally renowned, award-winning architect Emre Arolat

real estate

Why the CEO of Seven Century Real Estate Brokers believes Dubai is fertile ground for investments

In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape

AMAALA

Amaala project pushes forward, over 300 contracts signed worth more than $1.7bn: Red Sea Development Company

Work is underway on-site to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date

Saudi’s PIF launches real estate registration services company to bolster digitisation

The company aims to build a comprehensive real estate registration database, covering data of property units across the kingdom

Aldar Scales Up Property And Integrated Facilities Management Platform With Acquisition Of Spark Security Services

Aldar acquires Spark Security Services, scales up property and facilities management platform

Spark Security works with organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

Empower reports robust growth of 41.3%

Empower reports 41.3% rise in buildings using district cooling over last five years

Among the buildings that are serviced within Empower’s portfolio, the residential sector tops the list of the company’s clients with 64 per cent

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

Aldar launches Yas Park Gate, its latest gated community, next to Yas Park

The homes at Yas Park Gate are designed to achieve a two-pearl rating, as per the UAE’s Estidama sustainability rating system

The Atlantis The Royal Residences poolside. This is the largest penthouse on Palm Jumeirah and sold by B1 Properties.

Dubai: Atlantis The Royal Residences’ largest penthouse sells for Dhs163m

The five-bedroom triplex penthouse on Palm Jumeirah is 25,208 square feet and includes a sky garden, two private pools and terraces, and a private elevator

Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Sharjah real estate transactions in July revealed

Sharjah real estate transactions’ value hits Dhs1.4bn in July: SRERD

According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Huspy

UAE proptech startup Huspy acquires Just Mortgages, Finance Lab

The founders and employees of both businesses will join Huspy

Nakheel unveils Dubai Islands' master plan (2)

Nakheel introduces master plan vision for Dubai Islands

Dubai Islands features over 20 kilometres of beaches, including a Blue Flag certified beach, approximately two square kilometres of parks and golf courses

Abu Dhabi launches Land Privileges Programme to support businesses

Abu Dhabi’s ADDED launches Land Incentives Programme

Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts

Ajman construction contracts' value rises in H1 2022

Value of construction contracts in Ajman crosses Dhs2.1bn in H1 2022

Construction contracts in the emirate rose in value by 11 per cent compared to the two previous years

Dubai rental rates see highest growth since May 2014

Rental growth in Dubai reaches highest rate since May 2014: CBRE

According to CBRE, average rents in the 12 months to July increased by 23.7 per cent, with average apartment and villa rents increasing by 23.5 per cent and 24.8 per cent respectively

Aldar joins SBTi advisory group/ Greg Fewer, Group Chief Financial and Sustainability Officer at Aldar

Aldar to advise Science Based Targets initiative on net-zero targets for real estate sector

More than 3,000 companies worldwide are working with SBTi to reduce emissions

Sarah Hewerdine, Head of Marketing at houza.com

Will the latest interest hike spike your dream of buying a home?

Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE

EMAAR announces H1 2022 results

UAE’s Emaar reports robust H1 2022 revenue of Dhs13.575bn

Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Dubai ranks 4th globally for prime residential capital value growth in H1 2022: Savills

Dubai ranks 4th globally for prime residential capital value growth in H1 2022: Savills

Rental growth exceeded 5 per cent in Dubai, versus an average of 3.1 per cent across other global cities